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Search Results 0 to 49 of about 85 (some duplicates have been removed)
got to the budget surplus. i did not vote for the war or the tax cuts for the rich. with the giveaways to the drug companies that blow a hole in the budget. we had the biggest budget surplus to the biggest budget deficit in 2008. >> so you believe the senate is doing their job? >> i think that they did the right thing in the budget control act. this includes revenue and going after these tax loopholes. the politicians who signed the pledge to the lobbyists grover norquist -- >> i will give you 60 seconds to respond. >> sitting around your kitchen tables you can't go three months without managing your finances. you can't go three weeks without managing the budget for your small business. but he and other career politicians have gone three years since they passed a budget. he talks about the budget control act. if you are watching this, think for a second. do you have the budget control act in your small business? this is washington speak. we manage our small business with the budget. but these politicians to think that they can live by different set of rules. after y
in an unparalleled age. since we've been keepin records on incomes of the richest from taxs statistics in early 20th century we never saw as large a share of national income going to the richest. one in 1,000 households as we did just before the great recession. their share of national income odadrtled over thisl period to the point where they were pulling down about 1 in $8 in our economy. one in 1,000 households pulling down about 1 inth $8 in our economy before the great recession began. >> you set one to try to solve three mysteries. who done it, who created the circumstances and conditions for the creation of a winner take all economy. and your answer to that one sentence is? >> american politics did it far more than we could believed when started this research. what government has done and not done and the politics that produced it really at the heart of the rise of an economy that has showered huge riches on the very, very, very well off. >> it's politics, stupid? >> exactly. >> and how did they do it? >> through organized combat is the short answer. >> and why does they doco it? >> because t
debt and more regulation and more taxes? sor our future going to be in less taxes, less regulations and. nibble mitt romney. he's the right candidate at the right time to be the president of the united states. [applause] you know in the state of florida we have 820,000 people out of work, people who will looking for work, people who have given up looking for work. we need someone who understands how jobs are created. that individuals create jobs not government that creates jobs. [applause] . when mitt romney is president he is going to need another united states senator republican nites senator from florida. [applause] how many here have already voted? [applause] and for those of you who vant weak up tomorrow morning and go vote. after you vote for mitt romney go down the ballot a little more and vote for connie mack. can you do that? there are dig differences between senator nelson and myself. he was the deciding vote for obamacare. i voted against obamacare. [applause] senator nelson has voted for higher taxes 272 times. i voted to cut taxes. [applause] senator nelson voted to gut our
on the franken storm threatening the eastern sea. >> the fight offer governor brown's tax hike measure. enter conversation on california's budget crunch. thank you for joining us. >>> we have a lot of news to cover in the next hour. we have a sit down as you saw with governor jerry brown. we will talk to him about the state's finances and the push to hike the sales tax and income tax. >> there was a huge earthquake off the coast of canada. we will look the tsunami advisories but our happiest story of the day, the giants on the bripg of glory right now. this is the newspaper this morning and tonight is going to be the pivotal game that could give them the world series championships. we have a lot to talk about coming up. but first -- >> all right, hurricane sandy moving up the eastern seaboard with the storm's outer bands lashing the barrier islands off north carolina. >> right now the governor of new york, andrew cuomo, i halting a halt to all public transit in new york city at 7:00 tonight. it could affect 50 million people. suetion mcginnis has the latest from the coast of delaware. good mo
that will make the auto industry strong -- [indiscernbile] he wants sensible regulations. he wants tax reform that will ensure we can get the auto companies back on their feet. he wants to make sure that trade is fair. he wants workers trained to work better for them. he wants their energy costs now. that is what will keep energy -- otter jobs here in ohio. that is what mitt romney is going to. balks, we are in the fourth quarter. the score is tied. we're in the red zone. we got the momentum on our side. are we going to be sure that we take mitt romney over the goal line in the next eight days? ladies and gentlemen, the next president of the united states, mitt romney. b >> thank you. what an avon lake welcome. thank you so very much. thank you, senator portman, and the lieutenant governor has been going with us all over the state. her support means everything in the world. the senator was my sparring partner. he was really strong. i finally -- it is nice not to argue with him all the time. withs good to have withhim me on the campaign trail. we have got to reelect him as the next congressman
are going to ballots at. we need stability in taxes and regulations, and number 4 we need an energy policy like we have done in north dakota. if we support energy, we can reignite america's engine, at the energy independence, national security, job security, and that is what we need to do. >> is interesting what congressman berg says. if you look at the time he served in the legislature, it is roughly equivalent, 4000 percen $. quit talking about harry reid or what ever is. i was not in the senate. i think it is atrocious we do not have a budget. that is the reason we do not have a budget is because both political parties refused to sit down and refuse to solve the problems. there is excellent documents out there, but i believe we have need a balanced budget amendment because the and the way congress will balance the budget is that they have to. that is the path forward for our people and for our country. we need to be strategic. congressman berg voted for sequestration, a disaster, a disaster for defense and jobs trip we need to do everything we can to do this the right way, and that is t
to balance our budget and get our state back on track. we didn't raise taxes, we cut taxes. [applause] here is my second reason and this one is personal for me. my youngest son is 18-year-old and he voted for the first time this year in a presidential election. a couple of weeks ago before a friday night football game his friend were at our house and they were in his room and i decided i wonder when they're talking about, girls, the football game t next concert they're going to go to, maybe kid rock. but i went upstairs and i was listening outside the door and they didn't know i was there. they were talking about this election because they know their future is is riding on four more days. if i could talk to the women in the audience. and i see there are just a few women here tonight. you know the democrats have talked a lot lately about this war on women. let me tell you what i think the war on women is. for the first time in 17 years we have more women living in poverty. we have nearly 6 million women unemployed today and over 400,000 of those women have lost their jobs in the last four ye
registered democrats, asking them to vote yes. prop 30 would raise income taxes on the wealthy and hike the sales tax by a quarter%. >> if proposition 30 does not pass it will have a devastating effect on education in california. >> reporter: one of the largest supporters, the california teachers association. meanwhile, the small business action committee has raised more than $7 million to fight it. and rival proposition 38 would raise taxes for all californians with money going to schools. chairman of the california republican party tells me he's confident 30 will fail. >> raising taxes even higher in california will drive away more jobs and will collect less money over time if this passed than more. >> i think it's going to be a tough battle. the governor certainly is out there stumping for the measure. i think you're going to start to see support climb. >> reporter: prop 32 meanwhile, would ban unions from using payroll-deducted funds for political purposes. the democrats were urging voters to vote no on that today and its approval currently sits at just 39%. >>> a check on bay area
over who wins, the tax policy, all that, is going to delay them." mesirow financial's chief economist diane swonk says "the decline in business investment represents a particular blow as it not only reflects weakness abroad, but also the uncertainty about our own policies. the fiscal cliff needs to be dealt with by whovever wins in a credible and bipartisan way, and asap." with just about one week to go before the election, the candidates will be in wisconsin this week. today, republican mitt romney's campaign has an event in milwaukee. tomorrow, president obama will be in green bay. the volitility index, better known as the vix, may be signaling better days ahead. according to reports, a strategist at jpm morgan believes if the vix remains near current levels this week, it will mark a transition from crisis to normal time. his theory is if the vix stays around 16, the 52-week moving average will fall below the july 2011 level to its lowest point since february 2008. we asked a couple of options traders to weigh in, starting with scott bauer of trading advantage. "yes, i do believe th
mentioned his a significant impediment to the economy. if we see very large increases in taxes, and by the way, never liked the work fiscal cliff because it tends to but still lower spending with higher taxes. most of the problem is on the tax side, not thespending side. if we don't get that fixed we're going to have the very significant drag on this economy , sufficiently significant that we cold go into a recession. gerri: the national association of manufacturers out with a study showing that if everything does stay in place we will get unemployment at 12%, lose 6 million jobs. the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertainty. it is the concern that we will have higher taxes and taxes o
, first of all, the president's tax increases are going to hit our economy just like they are going to hit ohio very hard. two-earner families are going to get hit hard and our small businesses will get hit hard. we have a big small tech industry and the tax increases will put our small businesses in jeopardy at the same time it -- >> let me interrupt you here -- virginia unemployment though is among the lowest in the country at 5.6%, so how will you combat that? >> well, virginia's unemployment is low because we've observed what president obama didn't and did the absolute opposite. we cut spending. we cut taxes. we made jobs our number one focus which is why we're one of the number one places to do business, number one place for jobs, but, again, just like governor kasich and the folks here, we need a president who will work with us, not work against us, and that's exactly -- we can't afford all the taxes from obama care, from the president wants to increase taxes at the same time in virginia. he's going to cut up to 200,000 defense jobs which in virginia are a key thing, not just for our
. and when he had his tax releases released, that showed that he was more generous than any of the other candidates, then obama himself. host: wanda, thank you. anyone else who wants to watch mitt romney, you can see him tonight on c-span. we will be airing his appearance and the romney-ryan tour in west chester, ohio at 7:30. you can catch up with about on c-span and c-span radio. i should note that obama will be holding a campaign rally in hillard, ohio at 10:20 this morning. a contest that on c-span and c- span radio. the paper today focusing on those swing states as we know -- the tribune -- the washington bureau notes that florida is a renewed focus in this election, at this point with polls now a dead heat. romney campaigned in florida, returned wednesday for rallies and tampa, miami and jacksonville. he is expected over the weekend to go back. for obama, victory in florida is a prize. for romney, it is a necessity. debates about whether romney can carry ohio or other midwestern battleground states become moot without a win here, experts say. the "new york times" focuses on pennsyl
reduced taxes, and eliminate the death tax in ohio. the has been the biggest job trend in ohio and anywhere else in the nation. i think the governors are leading the change effort in this country, and have to continue to do that. but the federal government has been an impediment, in many cases, through its regulations and its headwinds. many in the state have predicted them from creating the jobs necessary in this country to push our economy and improve the economy over the next four years. host: breaking news this morning. we have been talking about the jobs numbers coming out today. 7.9%, slightly up from 7.8%, the unemployment rate, from september. showing 171,000 jobs added in october, this according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick, and it was down the month before. but unemployment is staying basically around 8%. if you count the people of -- who have given up looking for jobs in this country, we have over 20 million people who are
low because entrepreneurs are sitting on the side lines because of massive tax increases. many families can't get mortgages because of dodd-frank regulation that is made it harder for banks to lend. the president vested your money in green companies that failed and sometimes were owned by his largest campaign contributors. he spent billions of dollars on companies which only added to our debt. energy prices are up because energy production on federal lands are down. he rejected the pipeline from canada even as gas line prices soared to new highs. the problem with the obama economy is not what he inherited. it's with the misguided policies that slowed the recovery and caused millions of americas to endure lengthy unemployment and poverty. [applause] that's why 15 million more of our citizens are on food stamps than when he took office. that's why three million more women are living in poverty. that's why the economy is stagnant. today we received the latest round of discouraging economic news. last quarter our economy grew just two%. after the stimulus it would be growing at 4.3
the largest budget surplus ever in history. it's going to make it possible tor us to cut taxes for every hoosier. but jon, you just said we pay for things in indiana. but when you were speaker of the house, for five of the six years you were running the state house, indiana ran deficits. when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a
about the electric sportscar funded with your tax dollars. >> remember the video of if is kerr karma going up in flames? there are reports hurricane sandy sparked fires in about 16 of the hybrid cars. they say they burned to the ground in new jersey after getting submerged in water. the auto maker says it is investigating. if if is kerr had a $25 million loan guarantee by the obama administration. >>> they have done more to help immigrants than americans. that is a report that will be given by the center fof immigration studies. 2 out of 3 million jobs went to legal and illegal immigrants. >>> hurricane sandy wiping out entire towns along the jersey shore. this is a look at the boardwalk in atlantic city. look at the before and the after. after sandy hit and before. many people at a loss for words of what was done to their homes and now they must rebuild along the jersey shore. at least 50 feet of the historic boardwalk taken out initially. jennifer davis is live with a look at the damage done there. >> good morning to you. it very much feels like there's a state of emergency in new
's plans. which boils down to a tax cut that he can't pay for. we can look at these polls a million different ways. they all say something different. at the end of the day, what we're focused on is getting the president across the country. meeting as many voters as possible. and investing in that ground game, ohio, florida, the first day of early voting in florida yesterday, record numbers of people are coming out to vote. there's a sign behind the president's re-election. there's energy on the ground. we're a little than a week out. we're confident. >> we're also seeing newspaper endorsements. president obama getting the endorsement of "new york times." several nums in ohio. the big surprise this morning, "the des moines register" hasn't endorsed a republican since 1972 richard nixon, they endorsed romney, saying that he offers a fresh economic vision. it said that barack obama rocketed to the presidency from relative obscurity with a theme of hope and change. a different reality has marked his presidency. his record on the economy the past four years does not suggest that he would
and others will support the act which would provide a tax credit to those who choose in vitro like with adoption. it provides up to $13,350 in tax credits. >> it allowed people who wanted to use medical treatment to have that same ability. >> you're on eligible if you make less than $222,000 a year. it also covers future infertility procedures like freezing eggs before people become infertile because of chemotherapy. >>> stay with us. there's much more news ahead on 11 news saturday morning. forget about those plastic bags. try to forget about it. here's a look at some events going on around town. so, maybe you're trying to figure out question seven. well, let me give it a shot. if you're ok with marylanders spending five hundred and... fifty million a year gaming in other states, fair enough. but if you think we should keep that money here... add twelve thousand jobs, and generate millions for schools... well you should probably vote for question seven. because if it doesn't pass, all of this goes away. that's why the post called seven, common sense. but decide for yourself. >> wi
from taking control of the opposition group. >>> in south carolina income tax returns were targeted in the largest cyber attack against a state tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> jerry sandusky, the former penn state assistant football coach and convicted child sexual predator has been transferred to a super max security prison near pittsburgh where he'll serve his sentence of 30 to 60 years. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champ. he won on the 399th hand of texas hold 'em. look at that. collecting more than $8.5 million and a gold championship bracelet that's worth 150,000 bucks. looking cool with that stack of cash there. >>> and now a look at how wall street begins this thursday after sandy forced a shortened week of trading. the dough closed at 13,096 after losing ten points yesterday. the s&p was up a fraction but the nasdaq lost ten. 13,
to continue to provide tax cuts for businesses like yours. but you don't see it coming? >> you know, what we've seen is the family owned business president obama has been clear on his views of the estate tax. we think one of the greatest things on the economy is allowing family owned businesses to remain family owned. impediments to that is an estate tax to backwards it forces family-owned businesses whether family farms or business like white castle to reconsider their structures in terms of how they can continue to be prosperus and give back to team members. we know it's something we call patient capitol to do the right thing by the team members and people because they're investing in the future, when you put a state tax into the mix that is not just policy for allowing family businesses to continue to grow. >> coming up where is maiga storm sandy headed next? a check on sandy's path, next. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah
there is a lot to be said for that. >> the president says he wants to continue to provide tax cuts for businesses like yours. but you don't see it coming? >> you know, what we've seen is the family owned business president obama has been clear on his views of the estate tax. we think one of the greatest things on the economy is allowing family owned businesses to remain family owned. impediments to that is an estate tax to backwards it forces family-owned businesses whether family farms or business like white castle to reconsider their structures in terms of how they can continue to be prosperus and give back to team members. we know it's something we call patient capitol to do the right thing by the team members and people because they're investing in the future, when you put a state tax into the mix that is not just policy for allowing family businesses to continue to grow. >> coming up where is maiga storm sandy headed next? >>> monster storm sandy, what is the latest, rick? >> last couple images here on the radar you can see that they just begin to fade off just a little bit. less precipitati
regulation we have. an $814 stimulus that didn't work. high taxes and deficit spending hurting and killing small business, worse economic problems that america has faced since world war ii, 23 million people looking for full-time jobs, unemployment of 14% of the economy. household economy down 8.2%. 47 million people on food stamps, but that's a failure. but we americans are not quiters, we can turn this ship around and we will turn this ship around. we will put america on a new path to a new day with a new president, mitt romney [applause] you've heard a whole new energy since that first debate, haven't you 1234 you know why? because the people of this country for the first time were able to see the real mitt romney instead of what the chicago henchman were portraying him in six months of negative advertisement. you saw a person standing there with the president of the united states who is practical, who is compassionate, who is humble and who is trustworthy and you saw a president with all the air go out of him. he's not the obama that everybody thought he was. now president obama once s
. [ unintelligible ] >>> one week until a bay area city decides whether to place a new tax on so the meeting to make sure both sides are heard. >>> here's downtown san francisco, ferry building still glowing in orange easy to see as the fog is starting to move around. tomorrow parade starts around 10 when people start to gather partly sunny 11:0061. 62 noon mild and brighter sunshine 67 by then. right now you can see it is clear here as far as the radar dry also still have dense fog advisory until 9:00 specifically for north bay valleys, san francisco and peninsula, the east bay shore and east bay valleys are starting to see some of that fog leak in many rain in the north bay tomorrow for trick-or-treating rain will hang around through thursday's morning commute sunshine and drier weather friday. >>>ly shot of the bay bridge toll, metering lights on backed towards the overcrossing, sluggish traffic upper deck headed into san francisco. bart running on time now. muni experiencing delays on the n judah line, mechanical problems outbound train switching back at 19th, shuttles in place, no other problem
shipped jobs overseas. his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> violence erupted in tunisia overnight when protesters attacked a police station. one of the protesters was killed and three officers injured. the hardline islamist group was protested the arrest of a man that was accused of attacking a police chief with a knife. the government has pledged a crackdown on violence since the attack on the u.s. consulate in libya last month. >>> president obama put his campaign on hold today to tour areas of the new jersey coast ravaged by hurricane sandy. but the race to the white house rolls on. >> right now, republican candidate mitt romney is courting voters in florida. steve handlesman with our report now. >> reporter: president obama set out to survey hurricane damage in new jersey, six days before the election, still no campaign. mitt romney campaigned in tampa, sympathizing wit
of the opposition group. >>> in south carolina, income tax returns were targeted in the largest cyber attack against the state tax department in american history. more than three million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> the new world series of poker champion is a 24-year-old recovering drug addict and college dropout. greg mercen is from maryland. he won almost 399 hands of texas hold em collecting more than $8.5 million and that piece of bling, a gold championship bracelet worth about $150,000. must be nice. >>> now here's a look at how wall street begins this thursday. the dow closed at 13,096. the s&p 500 was up a fraction. the nasdaq lost ten. taking a look at overseas trading this morning, nikkei gained 18 points, hong kong, the hang seng climbed 180. >>> markets ended october lower but there is good news. they're all way up for 2012. the dow slid 2.5% last month. it is more than 7% this year up. the broader s&p 500 down 2% in october. added, 12.5% in the last ten months. and the nasdaq, the biggest loser
for us to strengthen budget reserves and i believe we can cut taxes for every hoosier. but he just had to pay for in indiana. that when you were speaker of the house, for five of the six years you are funding the state house, indiana deficits. when ms. daniels came into power just a couple years later and budgets to help to write, indiana with $700 million in debt and had a deficit of $800 million. facts are stubborn things. how are we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressmen come if you spent the last 10 years in indiana, you'd know that our budget has to be balanced in indiana according to our constitution. i balanced and produce bipartisan balanced budget. and oddly, these were supported by fort wayne zone david long and the tenet of american, peggy stillman. i find it almost laughable that the united states congress and with lecture anybody about fiscal responsibility. he voted out once, not twice, but five times, congressman. you voted to edit the results increased her deficit by 200 billion, billion with a b. dollars. >> now loo
games and... a new casino, generating millions of dollars... every year, without raising taxes. leggett: and audits will ensure the money goes... where it's supposed to. more jobs, and millions for schools. baker: question seven will be good for our kids... our teachers, and our schools. leggett: keep maryland money in maryland. baker: please vote for question seven. leggett: vote for question seven. would ban all abortions and contraception seemed a bit extreme. so i looked into it. turns out, romney doesn't oppose contraception at all. in fact, he thinks abortion should be an option in cases of rape, incest, or to save a mother's life. this issue's important to me, but i'm more concerned about the debt our children will be left with. i voted for president obama last time, but we just can't afford four more years. [ romney ] i'm mitt romney and i approve this message. >>> we want to take you live to rehoboth beach where the tide is starting to rise. it's pretty misty. we just checked in with erica gonzalez. the winds are starting to pick up this way. we continue to track sandy, a storm
the middle class with unnecessary fees and taxes. the president also said it will be hard for romney to accomplish all of the last-minute promises he is making right now. >>> both the president and romney have cancelled campaign stops because of hurricane sandy. the romney campaign says a scheduled stop in the swing state of virginia will not happen today because of the growing threat from sandy. first lady michelle obama has cancelled an appearance in new hampshire on tuesday, and president obama will spend this evening at the white house to again monitoring storm conditions from washington. >>> coming up at 8:00 with just over a week or so to go before election day, president obama's deputy campaign manager appears on "this week." he goes head-to-head with newt gingrich to discuss the latest numbers from the washington post tracking policy. don't miss "this ""with george stephanopoulos. >> phone banks are up and calling people in both parties for the policy. abc7 news reporter thomas ramn has the story from oakland. >> she is a volunteer going door to door in this direct to make su
for the income tax initiative. the governor has faced criticism. opponents of prop 30 say their message remains the same. >> our message is simply that you can't trust the politicians with a $50 million slush fund to spend on anything they want. we all want better schools but prop 30 is not the answer. >>> voters who registered online in several northern california counties say they're yellow registration card has not arrived. sacramento, yolo, solano an stanislaus appear to have lagged in sending out those cards. >>> there are new accusations against the california assemblyman cleared of dui charges in contra costa county last month. an unidentified woman filed a protective order against assemblyman roger hernandez on sunday. west covina police say hernandez and the woman had an argument at a restaurant. the san gabriel valley tribune says the woman claims that hernandez hit her in july. >>> the lawyer involved in a high profile lawsuit against facebook now says he wants off the case. the attorney for paul seglia says he is owed half of facebook based on a contract with mark zuckerberg. seglia
plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> welcome back. it is 45 degrees. a cold start to your start to the month of november. can you believe it? and still feeling some of the effects of sandy still. >> speaking of which, take a look at some snow we want to show you. this is in tennessee, two more feet of snow in the great smoky mountains there, adding to the record snowfall they got earlier in the week. rangers say this area usually gets about four inches of snow this time of year. hurricane sandy caused more snowfall in the past week to the tune of two-plus feet. >> that's just craziness. it's crazy. it's bad enough you have to deal with the rain and the winds. then snow. let's check on the storm team 4 meteorologist tom kierein, hoping things are calm in our area. >> things are settling down. weather and traffic as we approach 6:11 on this thursday morning. we have clouds roll
budget deficit, the uncertainty that exists in america over the fiscal cliff and the tax regime and perhaps anti-business policies being practiced by some -- we're not going to go there too aggressively. and so, um, you know, whatever the case may be, the economy's growing, but it's not a feel-good economy because the growth is not rapid enough to reduce i the level of unemployment in the -- reduce the level of unemployment in the economy. giving you some support, very important area of the economy to both the consumer and consumer psychology is housing. and you see really the ingredients for a decent size recovery in housing activity. affordability is near record high, that's the top left-hand slide. home prices to disposable income is running near record low levels, so houses are cheap. in fact, the value of a home is a function of the capitalized cost of renting. rents have gone up much more relative to house price, and so now it's actually with cheaper to buy a home than to rent. but people have not been doing it aggressively yet because one of the most important expenditure
simultaneously and that really truly taxed the ability of any society to respond to that. you couldn't borrow personnel, new york couldn't take personnel from new jersey or connecticut because everyone was going to be hit at once. we're all in this together and you have to accept that fact. >> rose: there's this question also which is the argument that's been made over the last years with increasing velocity. it is that cyber attacks could produce some of the same results we're experiencing today by being able to damage the electric grid in an even more severe way. >> yes, absolutely. that's a scary thought. we've seen just what life is like with a few million people without power. you can see the grid go down in a large way, if it was not easy to put it back together again. of course it's not the most resilient piece of infrastructure to say the least. that will be truly frightening and we don't have the ability to deal with that and i don't think the utilities do certain. secretary panetta should be discussing about it over the last few months. >> that's a more horrifying prospect in the s
Search Results 0 to 49 of about 85 (some duplicates have been removed)